
Bencubbin in WA emerging as potential significant rare earths discovery
Cygnus Metals (ASX: CY5) has found high-grade assays in an area that majors including Rio Tinto (ASX: RIO) and IGO (ASX: IGO) are actively exploring for rare earth elements (REE) in the same area. These are some of the thickest and highest-grade intersections to date at the Bencubbin rare earths project in WA, with grades of up to 7,243ppm TREO from latest drilling with intercepts up to 79m wide. The results came from the company’s July air core and auger drilling program to expand the drill coverage and test the scale of REE enrichment across a major granitic body. Other results include 79m @ 1,576ppm TREO from 32m including 8m @ 7,243ppm TREO, with positive project-wide auger results indicating strike…


